[The market still expects an increase in domestic and overseas supply. Attention can be paid to the performance of the US PPI data in the evening.] The most-traded SHFE zinc 2508 contract opened at 22,030 yuan/mt. After the opening, longs and shorts engaged in fierce competition, and SHFE zinc maintained a fluctuating trend, eventually closing down at 22,045 yuan/mt, down by 40 yuan/mt or 0.18%. Trading volume decreased to 89,469 lots, and open interest decreased by 5,993 lots to 78,311 lots.....

[Guangdong Zinc: Contract rollover in Guangdong today, spot premiums/discounts continue to decline] The mainstream transaction price of 0# zinc in Guangdong ranged from 21,910 to 22,030 yuan/mt. The mainstream brands were quoted at a discount of 45 yuan/mt against the 2509 contract and at a discount of 80 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread widened......

[Tianjin Zinc: Futures Pull Back, Weak Downstream Restocking Sentiment] In the Tianjin market, the mainstream transaction price of #0 zinc ingot ranged from 21,970 to 22,060 yuan/mt, with Zijin trading between 22,000 and 22,090 yuan/mt. The transaction price of #1 zinc ingot was around 21,870 to 21,950 yuan/mt, while Huludao reported a price of 23,000 yuan/mt. The ordinary #0 zinc ingot was quoted at a discount of 0 to 20 yuan/mt against the 2508 contract, with Zijin quoted at a premium of 10 to 30 yuan/mt against the 2508 contract. Tianjin was quoted at a discount of around 50 yuan/mt compared to Shanghai.

[Shanghai Zinc: Downstream Continues to Bearish, Transaction Performance Average]: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,035-22,130 yuan/mt, with Shuangyan zinc trading at 22,125-22,220 yuan/mt, and 1# zinc trading mainly at 21,965-22,060 yuan/mt. In the morning session, the market offered a premium of 10-30 yuan/mt against the SMM average price, with fewer quotes against the futures price...

[Ningbo Zinc: Traders Continue to Sell at Low Prices, Downstream Buyers Purchase Based on Immediate Needs] The transaction price of mainstream brand 0# zinc in the Ningbo market is around 21,995-22,060 yuan/mt. The quotes for mainstream brands in Ningbo are on par with the 2508 contract, and at a discount of 30 yuan/mt against the Shanghai spot cargo. The mainstream quotes in Ningbo are for the 2508 contract...

Futures market: Overnight LME copper opened at $9,635.5/mt, initially fluctuated downward to hit a session low of $9,598/mt, then steadily climbed upward and reached a session high of $9,657.5/mt near the close, finally closing at $9,657.5/mt with a 0.15% gain.

[SMM Morning Meeting Summary: CPI in June Showed Mild Performance, LME Zinc Center Continued to Pull Back] Overnight, LME zinc opened at $2,740/mt. After opening, LME zinc touched a high of $2,734.5/mt, then fluctuated downward all the way to below the daily average line, reaching a low of $2,687/mt during the night session. It slightly rose towards the end of the session, closing down at $2,701.5/mt, down $31/mt or 1.13%. Trading volume decreased to 110,000 lots, while open interest increased by 183 lots to 194,000 lots...

[SHFE Zinc Delivery Today, Expected to Remain in the Doldrums Tonight] The most-traded SHFE zinc 2508 contract opened at 22,145 yuan/mt. After the opening, bulls reduced their positions, causing SHFE zinc to decline all the way below the daily average line, reaching a low of 22,040 yuan/mt during the session. Towards the end of the trading day, bears reduced their positions, allowing SHFE zinc to recover some of its losses. It finally closed down at 22,085 yuan/mt, a drop of 165 yuan/mt or 0.74%. Trading volume decreased to 119,000 lots, while open interest fell by 9,873 lots to 84,304 lots...

[Guangdong Zinc: Market Consumption Remains Weak, Spot Premiums/Discounts Unchanged] The mainstream transaction price of 0# zinc in Guangdong ranged from 22,000 to 22,125 yuan/mt. The mainstream brands were quoted at a discount of 40 yuan/mt against the 2508 contract and at a discount of 70 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread remained...

[Tianjin Zinc: Futures Market Remains Weak, Traders Dominate Transactions] In the Tianjin market, the mainstream transactions for #0 zinc ingot were between 22,040 and 22,150 yuan/mt, with Zijin transactions ranging from 22,080 to 22,180 yuan/mt. Transactions for #1 zinc ingot were around 21,940 to 22,040 yuan/mt, while Huludao reported a price of 23,080 yuan/mt. The ordinary #0 zinc ingot was quoted at a discount of 0 to 10 yuan/mt against the 2508 contract, with Zijin quoted at a premium of 20 to 30 yuan/mt against the 2508 contract. The Tianjin market was quoted at a discount of around 40 yuan/mt compared to the Shanghai market.